This week MCX Gold: 28,350-28,050
It can move up but from where? I will say to my premium subscribers but look at above chart for reference purpose.
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On last week, what I had said about Silver to premium subscribers?
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I had said to subscribers, “Today very important day for bullion traders and silver is running in very crucial area. Sellers should Sell more this week because 39200-38840-38570 levels are waiting for you.”
And silver made low 38778 on last trading session and completed our second target. Now what are you expecting? Will it hit my last target ?
I got a couple of emails for new updates about MCX Nickel. I just want to say to buyers & sellers, both are right now in a safe zone. Critical areas start from 544.6 level and end at 523 level. This week nickel can easily slip / touch to critical area first level but …it’s a very dangerous area for buyers and sellers. If it stays above 544.6 level then it will take a U-turn and touch again 590-620 levels OR if nickel will close below to 544.6 level then we will see a 523 level in 2-3 weeks.
Targets: 840 – 820 – 800
Note: if it will close above yesterday’s high, then we can see some positive moves, so I would recommend do not enter if this thing happens.
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